If peace of mind means strolling home past trees and flowers, a fat bank balance at your disposal, and with a secure job to head to the next day, then the best place to find it is Germany. A new study, done by Zipjet, a home delivered laundry service, has revealed the world's most and least stressful cities of 2017, based on factors including traffic levels, public transport, percentage of green spaces, financial status of citizens including debt levels, physical and mental health, and the hours of sunlight the city gets per year.
UK low cost airline and holiday company Monarch Airlines has collapsed and been placed in administration leaving 110,000 customers stranded abroad. The accountants KPMG announced in the early hours of Monday that Monarch, Britain’s longest-surviving airline, had been placed into administration and that all further flights from the UK had been cancelled and would not be rescheduled.
HSBC has been fined $175 million on Friday for 'unsafe and unsound' practices in its currency trading business by Fed, as Reuters reported. HSBC failed to monitor chat rooms where traders swapped information about investment positions, the U.S. central bank said, echoing findings by other regulators investigating the $5 trillion-a-day foreign exchange or FX market.
This summer I wrote an article about the suggestion of stalking the small cap stocks Russel 2000 Index (1). Just like a cat stalks its prey looking for the best possible moment to pounce, so a trader can stalk an entry to get the best price for entry. The reason was because on this Index it is present a not so common pattern: the “orthodox broadening formation” (2). This kind of pattern was present also on the Dow Jones Industrial Index, but it was luckily negated (3). Last week we had a potential and positive sign that also on this Index the pattern could be negated. We have several signs of strength, but we are still in the early stages of potential medium-term growth.
Ikea, the Swedish furniture retail giant, has bought TaskRabbit, a San Francisco startup that lets people hire workers to do short-term odd jobs—like setting up Ikea furniture, fixing a leaky faucet, or setting up for a party. Ikea said it tested TaskRabbit in its stores in London last year and plans to roll out the service in U.S. stores and more U.K. locations. More countries may be added later. Before the TaskRabbit deal, certain Ikea stores already provided some independent workers to assemble goods.
Volkswagen on Friday said it was setting aside another 2.5 billion euros to deal with the fallout from the "dieselgate" scandal in the United States as its efforts to recall tainted cars there proved to be more "complex" than expected. The latest provisions bring the total sum set aside by VW to deal with fines and costs over the diesel scandal to €25.1bn.
Expatriates moving to Switzerland, home to some of the biggest private banks, commodity traders and pharmaceuticals companies, earn an average of more than $193,000. That’s the highest in the world and 54 per cent more than if they’d stayed at home, a study published Wednesday by HSBC. That boost in remuneration is only surpassed by the 58 per cent increase enjoyed by expats relocating to Saudi Arabia’s petrodollar economy.
Britain and the EU on Thursday, September 28, hailed the progress of "constructive" Brexit divorce negotiations following a major speech by Prime Minister Theresa May, but Brussels warned that trade talks may still be months away. Speaking after the 4th round of talks in Brussels, European Union negotiator Michel Barnier and his British counterpart David Davis agreed that May's speech in Florence had created a "new dynamic" for the discussions.
China will require automakers to comply with a cap-and-trade auto emission rule starting from 2019, the Ministry of Industry and Information Technology announced on Thursday. Car companies with annual sales of more than 30,000 vehicles would have to meet a quota of 10 percent being New Energy Vehicles (NEV's), meaning all-electric battery vehicles or plug-in hybrids, it said in a statement.
The number of millionaires in the world rose by nearly 8 percent last year to an all-time high of around 16.5 million people, with record total wealth of $63.5 trillion, according to a report by global consultancy firm Capgemini. Booming global stock markets has catapulted an extra 1.15 million people into the high-net-worth individual (HNWI) bracket, according to figures from Capgemini's 2017 World Wealth Report.
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